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3 years ago

5 objectives of an entrepreneur.

Business

1 answer:

nydimaria [60]3 years ago

5 0

Answer:

Explanation:

An entrepreneur is a person that sets up a business for the aim of making profits and of social benefits to the society . An entrepreneur bears the risks and rewards alone.

The five objectives of an entrepreneur are listed as below.

1) Profit making: This is one of the primary objectives of an entrepreneur and it is a basis on which some other objectives are built , being a source of cash generating to achieve other objectives.

2)Acquiring the right talents and skills ; An entrepreneur will like to have the right skills and talent in his team for efficiency , effective and economy purposes.

3)Growth ; An entrepreneur aims at growth as the level of profit generated is directly related to the growth attained. The higher the growth, the higher the profit.

4)Sustainability : Another goal is sustainability . He will work towards maintaining his position in the market to ensure going concern . Every business is confronted with competition which can take a business down if not well managed.

5)Online positioning : Taking advantages of online opportunities is critical to success in businesses. He will like to leverage on online opportunities for growth and sustainability.

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Lesechka [4]

Creating an emergency fund should be a top priority, because you need to have extra money in case an emergency comes up that requires money.

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3 years ago

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Economic production has fallen to less than full potential due to inadequate incentives for firms to produce. The duration of th

Brilliant_brown [7]

Answer:

short-term

Explanation:

Based on the information provided within the question it can be said that the duration of this economic condition will likely be short-term. Meaning that it will only last a small amount of time, mostly because this is a problem that needs to / and can be solved in order to increase the economic production to full potential and increase firm revenue.

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3 years ago

Which of the following outcomes of providing accounting information is an attempt to identify individual securities that are mis

velikii [3]

Answer:

The correct answer is: b. Fundamental analysis.

Explanation:

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In conclusion, to the question Which of the following outcomes of providing accounting information is an attempt to identify individual securities that are mispriced by reviewing all available financial information? The correct answer is: b. Fundamental Analysis.

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4 years ago

The movie Moneyball (based on the book by Michael Lewis) tells the story of Billy Beane, the general manager of the Oakland A's

zavuch27 [327]

Answer: B. Hold

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3 years ago

Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $888,000 (37,000 units at $24 each)

kvv77 [185]

Answer:

the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively

Explanation:

The computation is shown below

Cost of goods sold is

= (117,000 units - 114,000 units) × $24 + 114,000 units × $29

= 3,000 units × $24 + 114,000 units × $29

= $72,000 + $3,306,000

= $3,378,000

And, the ending inventory is

= (37,000 units - 3,000 units) × $24

= $816,000

Hence, the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively

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3 years ago